Review of Participating Lending Institution’s Performance. The Division shall periodically review the performance of the Participating Lending Institution, as reflected by the reports and recommendations of the Servicer and the Compliance Agent and such other evidence as may be presented to the Division, to determine if the Participating Lending Institution is performing in accordance with the standards required by the Program Agreement. If the Division determines that the Participating Lending Institution is not performing in accordance with such standards, the Division (or the Servicer at the request of the Division) shall notify the Participating Lending Institution of any such deficiency. If such deficiency is sufficient to warrant termination of the Participating Lending Institution pursuant to Section 7.01 hereof, then the Division (or the Servicer at the request and as the agent of the Division) shall notify the Participating Lending Institution that the services of the Participating Lending Institution are being terminated and the date on which such termination shall be effective.
